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fixed charge meaning

  "fixed charge" in a sentence
  • Noun: fixed charge  fikst chaa(r)j
    1. A periodic charge that does not vary with business volume (as insurance or rent or mortgage payments etc.)
      - fixed cost, fixed costs

    Derived forms: fixed charges

    Type of: charge

    Encyclopedia: Fixed charge


  • [Economics]
    = specific charge

    A charge in which a creditor has the right to have a specific asset sold and applied to the repayment of a debt if the debtor defaults on any payments. The debtor is not at liberty to deal with the asset without the charge-holder's consent.

    Compare:

    floating charge.


  • [Law]
    See CHARGE.

Examples

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  1. do you pay your landlord a fixed charge for heating
  2. how to distinguish floating charge from fixed charge in english case law
  3. fixed charge cover
  4. a fixed charge or tax for a privilege, especially for passage across a bridge or along a road
  5. Dabhol's fixed charge to MSEB will therefore soar.

Related Words

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